Ashley Furniture talking with investment banker

June 3, 2015 2:21 PM

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Ashley Furniture Industries has acknowledged that it's in "exploratory" discussions with investment banking firm Goldman Sachs, but downplays the possibility of a sale.

A statement from the Arcadia company says Goldman Sachs was hired to help the furniture maker evaluate a variety of investment alternatives and opportunities. But, CEO Todd Wanek added that no decisions have been made on a course of action.